[SF Monedge]

Noting the Nasdaq Bank Index is only peeling a little gains off of the table from the tremendously strong gains of the month.  This, along with some other things, has me not at all satisfied that a risk off environment is deep enough to result in hyperbolic prognostications of crashes and tops and bubbles and the see I told you so crowd.  It makes perfect sense to me that institutions would be simply maneuvering in response to the geopolitical conditions of the past two weeks.  That does not mean we won’t have some sell cycles along the way.  The very strong gains immediately following Trump seemingly taking over in some sectors was another counter-argument to the “if he is elected the end of the world is near” crowd.  The one sector that has me concerned is real estate, followed by retail, followed by the automotive sector, and then the energy sector.

That said, bears who celebrate could get what is called a “haircut” when the intermediate pre-election re-allocation/hedge phase starts to run dry.

[GVI Forex 2]

NAS100 DAILY CHART – Retracement

On this NAS100 chart, the key level is 19460 and a trendline just around it following the break below 20000 (and 18000 in the NASDAQ Index).

To suggest a greater retracement risk, this support and trendline would need to be broken,

[Belgrade Bobby]

Nasdaq – NDX

Wall Street set to rise as investors bet on second Trump term
U.S. stock indexes were set to open higher on Monday, as traders priced in a greater chance of presidential candidate Donald Trump winning a second term after surviving an assassination attempt, while rate cut hopes further boosted sentiment.

Under Trump, markets expect a hawkish trade policy and looser regulations over issues from climate change to cryptocurrency.

[Belgrade Bobby]

Nvidia – NVDA

Nvidia is Best Performer in the S&P 500 and Nasdaq 100 So Far Today

NVIDIA Corporation (NVDA) is currently at $131.

Would be highest close since June 18, 2024, when it closed at $135.58

Currently up three of the past four days

Currently up two consecutive days; up 5.44% over this period

Best two day stretch since the two days ending June 26, 2024, when it rose 7.02%

Up 7.4% month-to-date

Up 167.92% year-to-date

Down 2.14% from its all-time closing high of $135.58 on June 18, 2024

Up 212.89% from 52 weeks ago (July 11, 2023), when it closed at $42.41

[Belgrade Bobby]

S&P 500, Nasdaq – NDX post record closing highs as data stokes hope for rate cut
Jobs data points to easing labor market

ISM services PMI weaker than expected

Paramount jumps on report of Skydance Media deal

First Foundation slumps after capital raise

Indexes: Dow -0.06%, S&P 0.5%, Nasdaq 0.88%

[Belgrade Bobby]

NASDAQ 100

Supports at : 19.880.00 & 19.650.00

Resistances at : 20.025.00 , 20.165.00 & 20.550.00

If manages to break above 20.550.00 and hold onto it, target is in 22.000 area

[Belgrade Bobby]

NASDAQ – NDX

US equity indexes rose in choppy trade after a surprise increase in durable goods orders coincided with an upward revision in the final estimate for Q1 economic growth.

The Nasdaq rose 0.2% to 17,833.2 after midday Thursday

[Belgrade Bobby]

Nasdaq – NDX

Supports 19.650.00, 19.380.00 , 18.815.00

Resistance 19.950.00

Holding nicely –  next target is at 20.500.00

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

Nvidia, the Nasdaq and the S&P500 got dizzy at record highs on Thursday as world markets start to take stock of a bumper 2024 as we near the half-year point next week – but with the dollar (.DXY), opens new tab back on the march regardless.

Morning Bid: Nvidia gets vertigo, dollar builds

[Belgrade Bobby]

NASDAQ 100 Daily

Supports at  19.680.00, 19.365.0

Resistances at  20.100.00 & 20.265.00

After two weeks of almost vertical climb , today we saw first the new high and then e a decent bounce of the that high.

As long as it holds above 19.365.00 it can continue to push for more .

[Belgrade Bobby]

NASDAQ 100

Can it possibly break over 20.200.00 and hold within the upper channel ?

 

[Belgrade Bobby]

CRWD (NASDAQ)

Missed Out on Nvidia? Here’s Another Top AI Stock to Buy Now.
CRWD stock has risen by 471.7% over the last five years. The company’s revenue has climbed from $249.8 million in fiscal 2019 to $3.06 billion in fiscal 2024. Analysts expect its revenue to grow by double digits over the next two years, and rate the stock as a “strong buy” overall.

[GVI Forex 2]

Holiday Notice: Juneteenth

The New York Stock Exchange and the Nasdaq are closed on June 19, as are U.S. bond markets. Trading will resume on the morning of June 20.

[Belgrade Bobby]

Nasdaq Composite: Flying on fumes?
The Nasdaq composite  IXIC has now seen five-straight record closing highs which is its longest such streak since an eight-day run of record closing highs from October 28 to November 8, 2021.

In any event, traders are on the edge, as despite the run of record highs, one has to ask himself : is this going to last ???

 

[Belgrade Bobby]

Tesla Inc – TSLA (NASDAQ)

Tesla held its ground today and pattern is emerging pointing Up on the Daily basis.

First target 200.00 , second 230.00

 

[GVI Forex 2]

Nasdaq closed at a record high for 5 th day in a row.

I read calls for another Bank of Canada rate cut in July

Biden-Trump debate in 10 days

First French poll on June 30

IS data has mainly missed on downside but a light calendar next week

No one is talking about stagflation or recession. I read there has only bern one soft landing and that was in 1995

[Belgrade Bobby]

NASDAQ 100 Index

Broke every known resistance and hit the new high once again.

Closing on 20.000 psychological barrier.

 

[Belgrade Bobby]

NASDAQ 100

New high and just below the resistance line. If closes the day above 19400 new advances might be seen.

 

[Belgrade Bobby]

NASDAQ 100 Weekly

Clearly Bullish

 

[Belgrade Bobby]

NVIDIA – NVDA (NASDAQ)

Nvidia stock joins $3 Trillion Club after dethroning Apple and chasing Microsoft